Beiersdorf’s sales statement provided some more details and the pattern of development was as expected. The effects from the lower oil price are expected to be mitigated by the usual cost-cutting measures. Due to the lockdowns in Europe and the Americas, Q2 is expect to face some strong declines in both its divisions.
05 May 2020
COVID-19-related hits
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COVID-19-related hits
Beiersdorf AG (BEI:WBO) | 0 0 1.0% | Mkt Cap: 23,224m
- Published:
05 May 2020 -
Author:
Martin Schnee -
Pages:
3
Beiersdorf’s sales statement provided some more details and the pattern of development was as expected. The effects from the lower oil price are expected to be mitigated by the usual cost-cutting measures. Due to the lockdowns in Europe and the Americas, Q2 is expect to face some strong declines in both its divisions.